China's Economy Shrinks!

Reuters reports that China's factory growth has shrunk the most in November in the last 32 months. This has arisen fears of China's sliding  towards global recession.
World expects that Chinese will learn more on growth policies instead of fighting inflation policies keeping in view the Euro crisis and U.S fallen growth.
Beijing  has already announced few small steps to boost domestic business and economy.
All over world crisis and declining economies have direct implication on the China's import export growth, like every other country. So companies involved in shipping, exports and even business will be affected.
Conita Hung, head of equity research of Delta Asia Financial Group said : "Worse is yet to come. Companies involved in shipping, exports and even banking and finance will be affected."
China has adopted policy of supporting economy specially and specifically. Fine tuned policies may save China from risk of falling into global recession.


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